LMT - Lockheed Martin awarded $7.63B contract by U.S. DOD

• Lockheed Martin Corp ( NYSE: LMT ) has been awarded a $7.63B firm-fixed-price, fixed-price incentive, undefinitized modification to a previously awarded advanced acquisition contract.
• The modification increases the ceiling to procure 129 Lot 15 aircraft, as follows:
• 49 F-35A aircraft for the Air Force; three F-35B aircraft and 10 F-35C aircraft for the Marine Corps; 15 F-35C aircraft for the Navy; 32 F-35A aircraft and four F-35B aircraft for non-U.S Department of Defense (DOD) participants; and sixteen F-35A aircraft for Foreign Military Sales customers, as well as 69 shipsets of technical hardware.
• Work will be performed in United Kingdom, Italy, Florida, California, Japan, and various locations outside the continental and is expected to be completed in October 2024.
• The Naval Air Systems Command is the contracting activity.

For further details see: